Walmart is gaining ground on Amazon in e-commerce sales and market share

From Nasdaq: 2024-11-23 08:41:00

Walmart continues to dominate with over $600 billion in revenues, outpacing Amazon in sales growth. Late to e-commerce, Walmart is now seeing a 27% increase in online sales. Strategic changes attract higher-income customers, driving overall market share gains. Stock is up 67% this year, though not cheap at a P/E ratio of 36.

Walmart’s e-commerce growth surpasses Amazon’s, but it’s still far behind in market share. With 4,600+ stores, Walmart offers unique omnichannel benefits. While not likely to catch up to Amazon soon, it’s gaining ground and may fend off the competition longer. Stock is a long-term play with a growing dividend.

Consider investing in Walmart for steady gains over time. The Motley Fool’s Stock Advisor identifies Walmart as a solid stock but not among the top 10 for maximum returns. Stock Advisor has historically outperformed the S&P 500, providing valuable investment insights and recommendations. John Mackey of Whole Foods Market, an Amazon subsidiary, is on the Fool’s board.



Read more at Nasdaq: Is Walmart Making a Play to Win Market Share From Amazon? Here’s What Investors Need to Know